. >> they are trying to use the students to reduce the deficit but in the end, again, nothing reduces the deficit more than investing in education. >> not every democrat is against the concept of tieing the stafford student loan rate to some other index. president obama proposed setting loan rates each year but making them fixed for the life of the the the loan. >> lawmakers are trying to craft a short term fix. they want to keep the current rates in effect for at least two years, retroactive to july 1st. >> do you realize today students have more student loan debt than credit card debt. >> it has been estimated the new rates would add more than $4,000 to the cost of a four-year degree. abc news. >>> this morning a memorial service will be held in oregon for an emeryville man who presumably drown after a race last month. they said they will hold. event despite never recovering his body. they combed the beaches for weeks after his clothing and belongings were found in ocean beach hours after he ran the bay to breakers race on may 19th. >>> monday we will learn the punishment of an oil